Investing in restaurants in Pompano Beach can be a lucrative venture, especially considering the city's growing population of approximately 110,000 residents and its prime location along the Atlantic Ocean coast. Restaurants in Pompano Beach can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to a range of clientele, including locals, tourists, and business professionals. Pompano Beach offers a unique blend of amenities, infrastructure, and location that make it an attractive place to invest in a restaurant. For instance, the city's 3 miles of beachfront, along with its proximity to major transportation hubs like the Pompano Beach Tri-Rail station and the Northeast Transit Center, make it an ideal spot for restaurants that cater to tourists and locals alike. Additionally, the presence of institutions like Augustine Graduate School and companies like Associated Grocers of Florida and Cross International contribute to a diverse and growing economy. With its tropical monsoon climate and warm winters, Pompano Beach is a great place for business and travel, attracting visitors from all over the world to its annual events like the Pompano Beach Seafood Festival and the Pompano Beach Holiday Boat Parade.
Pompano Beach is home to 4 restaurants for sale, offering a range of opportunities for investors. The city's restaurant scene is complemented by its other commercial properties, including apartment buildings, shopping centers, and specialty properties, which provide a diverse range of investment options. For instance, apartment buildings in Pompano Beach offer a steady stream of income, while shopping centers provide a hub for local commerce. Specialty properties, like hotels, cater to the city's growing tourism industry. With its unique blend of amenities, infrastructure, and location, Pompano Beach is an attractive place to invest in commercial properties, including restaurants. The city's growing economy, diverse population, and attractive climate make it an ideal spot for business and investment, with opportunities available for investors of all levels.
What is the average cost per square foot for a restaurant in Pompano Beach?
The average cost per square foot for a restaurant in Pompano Beach is $1,085 USD per square foot, with an average size of 6,192 square feet and a largest size of 10,325 square feet among the 4 available listings.
What factors determine the value of a restaurant for sale in Pompano Beach?
When evaluating the value of a restaurant for sale in Pompano Beach, several key factors come into play, including:
- Location, with proximity to the city's 3 miles of beachfront and major transportation hubs like the Pompano Beach Tri-Rail station and Northeast Transit Center being highly desirable;
- The restaurant's size, with an average size of 6,192 square feet and a maximum size of 10,325 square feet, as well as its layout and condition;
- Financial performance, including the average price per square foot of $1,085 USD and an average cap rate of 4.25%, which can impact the overall value of the restaurant.
